Shutterfly, Inc. (NASDAQ:SFLY) SVP Ishantha Lokuge sold 7,162 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $48.85, for a total transaction of $349,863.70. Following the sale, the senior vice president now owns 7,162 shares of the company’s stock, valued at approximately $349,863.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ishantha Lokuge also recently made the following trade(s):

  • On Tuesday, October 17th, Ishantha Lokuge sold 2,838 shares of Shutterfly stock. The stock was sold at an average price of $48.27, for a total transaction of $136,990.26.

Shares of Shutterfly, Inc. (NASDAQ SFLY) traded up 0.02% during midday trading on Friday, reaching $48.70. 1,120,454 shares of the company’s stock traded hands. The firm has a market capitalization of $1.62 billion, a PE ratio of 296.95 and a beta of 0.90. Shutterfly, Inc. has a one year low of $41.91 and a one year high of $53.99. The stock’s 50-day moving average price is $48.08 and its 200 day moving average price is $48.47.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.13). The company had revenue of $209.03 million for the quarter, compared to analyst estimates of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. Shutterfly’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.48) earnings per share. On average, equities research analysts expect that Shutterfly, Inc. will post $0.41 earnings per share for the current fiscal year.

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SFLY has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Goldman Sachs Group Inc restated a “neutral” rating and set a $47.00 price objective on shares of Shutterfly in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 target price on shares of Shutterfly in a research note on Friday, August 4th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Shutterfly in a research note on Tuesday, August 15th. They issued a “buy” rating and a $56.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.45.

A number of hedge funds have recently added to or reduced their stakes in SFLY. Riverhead Capital Management LLC increased its position in Shutterfly by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after purchasing an additional 931 shares in the last quarter. Quantbot Technologies LP acquired a new position in Shutterfly during the 2nd quarter worth approximately $119,000. LS Investment Advisors LLC increased its position in Shutterfly by 132.9% during the 2nd quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,648 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Shutterfly during the 1st quarter worth approximately $144,000. Finally, Pinebridge Investments L.P. increased its position in Shutterfly by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock worth $211,000 after purchasing an additional 60 shares in the last quarter.

About Shutterfly

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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